Model management
Term · Oil and gas · MLC-T-OAG-002408
The governance and lifecycle administration of analytical and machine learning models, covering their development, validation, deployment, and monitoring. It involves cataloging models, tracking their versions, documenting their performance metrics, and managing access controls. This systematic approach provides transparency and auditability for models used in applications such as reservoir simulation or predictive maintenance, satisfying both technical and regulatory requirements for model risk management.
| Identifier | MLC-T-OAG-002408 |
|---|---|
| Field | Oil and gas |
| Subject | Digital |
Record as JSON
{
"id": "MLC-T-OAG-002408",
"term": "Model management",
"field": "Oil and gas",
"definition": "The governance and lifecycle administration of analytical and machine learning models, covering their development, validation, deployment, and monitoring. It involves cataloging models, tracking their versions, documenting their performance metrics, and managing access controls. This systematic approach provides transparency and auditability for models used in applications such as reservoir simulation or predictive maintenance, satisfying both technical and regulatory requirements for model risk management.",
"subject": "Digital",
"url": "https://mlchart.com/terminology/oil-and-gas/model-management/"
}
Record 2,567 of 4,469 in Oil and gas terminology (MLC-0103). Request the full dataset.